Page 19

L E A G U E O F   S O U T H E A S T E R N   C R E D I T   U N I O N S ,   I N C .

CEO REVIEW/COMPENSATION COMMITTEE

The LSCU CEO Review/Compensation Committee shall perform an annual performance review of  the President/CEO.  As part of the review process, the Committee will annually review the  compensation and benefit package of the President/CEO.   The Committee will ensure that the goals and objectives contained within the performance  evaluation instrument are aligned with those of LSCU and LSCU Service Corporation.  The  Committee will also review CEO compensation trends within the relevant markets. Upon completion of the President/CEO performance review, the Committee shall prepare a formal  recommendation to the League of Southeastern Credit Unions, Inc. Board of Directors regarding  any changes to the compensation and benefits for the President/CEO as appropriate.   This  recommendation can be provided to the Board of Directors by regular mail or email, or in person,  with approval and/or denial being submitted to the Chairman by the date set by the Committee. LSCU Chairman will appoint CEO Review/Compensation Committee.

(Approved 3.24.2010)

19

/LSCU+Board+Governance+Manual+%28final+copy-approve  

http://www.lscu.coop/content/download/9796/114625/LSCU+Board+Governance+Manual+%28final+copy-approved+3.24.2010%29.doc

/LSCU+Board+Governance+Manual+%28final+copy-approve  

http://www.lscu.coop/content/download/9796/114625/LSCU+Board+Governance+Manual+%28final+copy-approved+3.24.2010%29.doc

Advertisement